Note to my readers:
A trusted and very knowledgeable reader has pointed out some potentially significant (and inadvertent) misrepresentation of data contained in this post. Alas, I am human, and this blog represents my thoughts and insights into the current economic situation. None of us has a crystal ball or a perfect assimilation of knowledge, self certainly included. For the sake of maintaining the integrity of this blog and not perpetuating potentially misleading information, I will remove this post for the time being until I am fully confident that the data and assertions accurately reflect reality.